For farmers, this year’s exceptionally hot and dry summer has not been a cause for celebration. The lack of rain means that harvests of corn, maize and a host of other crops are substantially lower than normal. While consumers complain about higher prices at the till, farmers without insurance are counting a more existential cost of the unusually dry conditions. In Poland, one of Europe’s most important agricultural producers, Concordia Polska Towarzystwo Ubezpieczeń Wzajemnych is adding drought insurance to its range of covered risks.
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